AllScale raises $1.5 million to drive stablecoin service development, with Amber Group and others participating

Fintech company AllScale announced the completion of a $1.5 million funding round, with investors including DraperDragon, Amber Group, Y2Z Capital, KuCoin Ventures, and others. The funds will be used to develop stablecoin invoices, social e-commerce, and payroll solutions. AllScale is committed to providing a one-stop stablecoin payment tool for small and medium-sized enterprises, reducing usage barriers, and solving compliance and complex process issues. The founding team comes from well-known companies such as Kraken and Block, and the product supports global fast payment, sales, and salary management.